Slovenia to Open a Real Bitcoin City

By
Stefan Filipović

Published
6 months
ago

Slovenia's biggest shopping mall is working to become a genuine “Bitcoin City." The complex, coincidentally (and quite fortunately) named BTC City, stretches over 475,000 square meters and is packed with 500 retail stores. Recently, it was visited by the country's prime minister who got to know its bitcoin system and development strategy. During his visit, the state secretary bought him a cup of coffee utilizing digital currency.

The Prime Minister’s Visit

The Prime Minister of Slovenia, Miro Cerar, went to BTC City, a staggering business and shopping complex located in the capital city of Ljubljana.

Fintech startup named Eligma has made a point-of-sale framework which is being utilized by various retailers in BTC City. This was done with an aim to convert it entirely into a "Bitcoin City" in the fairly short period. The complex itself was described as a business and commerce ecosystem based on the modern technological solutions which include Blockchain, Artificial Intelligence, and Digital currencies.

During the morning meeting, Cerar got a cup of 'crypto espresso' purchased for him by Slovenian State Secretary Tadej Slapnik through the Elipay digital currency transaction framework.

The first successful utilization of the Elipay wallet at the city was to pay, utilizing bitcoin, at the complex's waterpark in April. Eligma said that the application would likewise have the capacity to utilize bitcoin cash and Elipay's own tokens (for loyalty rewards and more) in the near future.

BTC City to turn into a real 'Bitcoin City'

Established in 1954 as a stockroom and logistic enterprise, BTC company included numerous distribution centers in the upper east of Ljubljana. In 1990, the complex was repurposed as a shopping area and received the name BTC City. Since then it has expanded by adding a hotel, casino, sports complex, as well as water park, multiplex cinema, and the tallest building in Slovenia. With more than 500 retail shops, BTC City's site depicts itself as "famous for being the biggest and most popular European business, shopping, recreational/relaxation and social center" in the county.

With the most recent initiative to convert the BTC City into "a real Bitcoin City," the company says that the new entity is:

"The first of its kind in the world to give its guests, customers and business partners an ecosystem that will create and implement advanced technologies based on the best approaches (blockchain, AI, VR [Virtual reality], AR [Augmented reality], ML [Machine Learning] and the digital currencies)."

BTC company trusts that Bitcoin City will form an open society which will empower users to follow their goals as well as build and expand their business surroundings in accordance with their desires, needs, and operating policies.

As indicated by the plan posted on BTC City's site, Eligma's Elipay is already introduced in various stores within the city such as Atlantis water stop, Babadu, Al Capone, Big Bang, Bijoux modni dodatki, istyle, Minicity, Vodno mesto San Martino, Sneakers, and Kibuba. Additionally, one-way cryptocurrency ATMs are installed on the premises, as well as a Blockchain Think Tank and the biggest cryptocurrency mining rig in Slovenia.

What do you think about the first big commercial complex based on cryptocurrencies? Let us know in the comments.

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